West Virginia License Law
The West Virginia Real Estate Recovery Fund is designed to:
AFund WVREC operations
BCompensate consumers who suffer financial losses due to licensee misconduct✓ Correct
CProvide grants to low-income homebuyers
DCover errors and omissions for licensees
Explanation
The West Virginia Real Estate Recovery Fund compensates members of the public who have suffered financial losses caused by the fraudulent, dishonest, or incompetent acts of a licensed real estate professional when other remedies have been exhausted.
Related West Virginia West Virginia License Law Questions
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